HSBC’s Swiss Bank Said to Exit 1,000 Mideast Clients Amid Revamp
This content was published on
(Bloomberg) — HSBC Holdings Plc’s Swiss private bank is ending relationships with wealthy Middle Eastern clients, including many with assets exceeding $100 million, as the bank seeks to lower its exposure to individuals it deems high-risk, according to people familiar with the matter.
This content was published on
(Bloomberg) — Stocks surged, reversing a week of losses and sending the Dow Jones Industrial Average to a record, while bond yields fell as surprisingly dovish comments by Jerome Powell convinced investors that rate cuts are all but guaranteed.
Stock Slide Deepens Before Powell as Yields Rise: Markets Wrap
This content was published on
(Bloomberg) — Caution prevailed on Wall Street ahead of Jerome Powell’s speech, with stocks falling and bond yields rising as a key factory report raised concern that inflation pressures could dim the outlook for rate cuts.
SNB’s Martin Says Credit Demand Shifting to Swiss-Focused Banks
This content was published on
(Bloomberg) — The takeover of Credit Suisse by UBS Group AG has triggered a shift in the Swiss credit market, driving demand to domestically oriented banks, according to Swiss National Bank Vice President Antoine Martin.
SMG Said to Eye $1.2 Billion Zurich IPO as Soon as Next Month
This content was published on
(Bloomberg) — SMG Swiss Marketplace Group AG, the operator of property portal ImmoScout24, is considering an initial public offering in Zurich that could raise about 1 billion Swiss francs ($1.2 billion) as soon as next month, according to people familiar with the matter.
Swiss Banker Bonus Cap Proposal Watered Down in Parliament
This content was published on
(Bloomberg) — Swiss lawmakers have watered down a proposal that would have installed a fixed upper limit on compensation at the country’s biggest banks including UBS Group AG.
Switzerland’s Gold Export Surge Highlights Its US Trade Dilemma
This content was published on
(Bloomberg) — Swiss gold exports to the US surged last month to the highest since March, underscoring the trade imbalance that prompted President Donald Trump to slap a 39% tariff on imports from the country.
Swiss Watch Exports Bounce Back in July Ahead of US Tariffs
This content was published on
(Bloomberg) — Swiss watch exports returned to growth in July after a steep drop the previous month, as companies tried to build up their stock in the US ahead of higher trade tariffs.
Switzerland’s Rules-Based Diplomacy Clashes With Trump Dealmaking
This content was published on
(Bloomberg) — Switzerland, which has long touted its diplomatic skills as a national selling point, is going to have to rethink some long-held principles if it wants to put its recent disastrous trade negotiations with Donald Trump in the past.
Stock Buyers Step In to Fuel Bounce From Lows: Markets Wrap
This content was published on
(Bloomberg) — Stocks rebounded from session lows after a week-long tech selloff, in the latest sign of febrile Wall Street trading ahead of Jerome Powell’s Jackson Hole speech.
Options Traders Position for Weaker Swiss Franc as Risks Linger
This content was published on
(Bloomberg) — The Swiss franc is carrying its biggest bearish premium in over two years as options traders contend with steep US tariffs, borrowing costs at zero and the lingering threat of central bank intervention.
Nvidia-Led Tech Slide Cracks Summer Calm in Stocks: Markets Wrap
This content was published on
(Bloomberg) — Wall Street’s summer calm cracked as a selloff in big tech dragged down stocks, underscoring the American market’s narrow reliance on a handful of growth giants.
Switzerland Ready to Offer Putin Immunity as Part of Peace Talks
This content was published on
(Bloomberg) — Switzerland would grant Russian President Vladimir Putin immunity from arrest as part of a proposal to host peace talks on the war in Ukraine.
SNB Shouldn’t Try to Mitigate US Tariff Effects, Economists Say
This content was published on
(Bloomberg) — The Swiss National Bank shouldn’t seek to soften the impact of steep US tariffs through monetary-policy channels, according to a group of economists.
How Pimco Outmaneuvered Apollo and KKR to Win $29 Billion Meta Deal
This content was published on
(Bloomberg) — Morgan Stanley had an unusual message when it approached four of the world’s biggest asset managers in July: they had progressed to the final round of one of the most sought-after private credit deals to date. But if they wanted to get to the finish line, they would need to pair up.
Schroders Sees Private Equity Exit Strategies Reshaping Industry
This content was published on
(Bloomberg) — Continued ownership structures favored by private equity firms in a challenging exit environment could make it harder for larger sponsors to pursue new deals as they ultimately transform the industry’s buyout model, according to a study by Schroders Plc.
Wall Street Holds Its Breath Before Jackson Hole: Markets Wrap
This content was published on
(Bloomberg) — Wall Street saw a quiet start to a key Federal Reserve week, with geopolitics coming into play as President Donald Trump said he hopes to set a trilateral meeting with Russia and Ukraine as the White House welcomed Volodymyr Zelenskiy to discuss a potential peace deal.
Glencore Seeks Incentives for $13 Billion Argentina Copper Mining Projects
This content was published on
(Bloomberg) — Glencore Plc filed applications to have two copper projects with combined capital expenditure estimated at more than $13 billion included into Argentina’s investment incentive program.
Switzerland’s M&A Deal Surge Leaves Rest of Europe Behind
This content was published on
(Bloomberg) — Switzerland is seeing a more than fivefold surge in mergers and acquisitions that’s outpaced most of its European peers, giving bankers hopes for a lucrative payout this year.
